NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal

NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal

SUMMARY

NITI Aayog will propose the new government to invest in its two-tier structure for AI development

The plan includes investments in 20 ICTAI, 5 CORE, and setting up of AIRAWAT

Finance minister had tasked NITI Aayog to start a national programme on AI in 2018 union budget

Indian government think-tank NITI Aayog has reportedly circulated a cabinet note to infuse INR 7.5K Cr. for the AI development and research in India.

The cabinet note reportedly proposes that the new government invests an initial INR 7.5K Cr. over the next three years along with setting up a high-level taskforce to lead the launch and implementation of artificial intelligence (AI).

Further, it proposed to invest in 20 international centres for transformational AI (ICTAI), five centres of research excellence (CORE) and setting up AIRAWAT (Artificial Intelligence Research, Analytics and knowledge Assimilation platform), a cloud computing platform which will be accessible to anyone.  

ICTAI and CORE are part of the two-tier AI development plan proposed by NITI Aayog in its 2018 discussion paper — ‘National Strategy for Artificial Intelligence’. The Centre of Research Excellence (CORE) were proposed to focus on pushing technology frontiers through creation of new knowledge. While, the International Centres of Transformational AI (ICTAI) were given a mandate to develop and deploy application-based research.

AIRAWAT was also proposed by the think-tank at that time as a common commute platform to support advancement of AI-based developments.

According to an ET report which cited a government official, the government body has already circulated the note for Finance Committee’s consideration and is expected to be reviewed soon.

“A cabinet note is ready… We would present it to the new government as we want an institutional framework as well as a transparent policy in place for AI,” the official said.

“Selection of institutes and partners will be done based on guidelines that are being developed while the funding for all of this will be staggered based on the milestones achieved,” the official added.

Indian Government’s AI Plans

Finance minister Arun Jaitley had entrusted NITI Aayog with the task of initiating a national programme with the aim of facilitating research in artificial intelligence related areas in the Union Budget 2018 in February 2018.

Later in June 2018, NITI Aayog shared plans to adopt AI in healthcare, agriculture, education, infrastructure, and transportation, in its discussion paper — ’National Strategy for Artificial Intelligence’.

NITI Aayog CEO Amitabh Kant had earlier said that application of AI to different sectors could help increase India’s year-on-year (YoY) growth rate by 1.3%.

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal-Inc42 Media
NITI Aayog To Push For AI-development With INR 7.5K Cr Investment Proposal-Inc42 Media
You’re in Good company